Major changes to fha loans

HUGE change to FHA refinances

Posted Leave a commentPosted in Buyer Tips and Advice, FHA Loans, Mortgage Knowledge

There is a HUGE change to FHA refinances coming this September 1st HUD released a statement on August 1st, 2019 detailing a huge change to FHA refinances effective with case numbers issued on or after September 1,2019. Up until now, FHA refinances have allowed homeowners to cash out up to 85% of their home’s value.  […]

Reverse Mortgages

Why Consider A Reverse Mortgage Loan?

Posted Leave a commentPosted in FHA Loans

Why? Because no matter what your needs may be, a reverse mortgage could be the solution. First, what is a reverse mortgage? A reverse mortgage is an FHA insured loan that allows eligible homeowners to “draw” from the equity either in a lump sum or on a monthly basis. I hope you found this quick […]

FHA Loans in San Diego

FHA Loans – The Good and The Bad

Posted Leave a commentPosted in FHA Loans, Mortgage Knowledge

FHA loans are a great tool to help homebuyers purchase or refinance a home. This week we will take a look at both the good and the bad of FHA Loans The Mortgage Minute is weekly informational series presented by Laura Borja, Your San Diego Home Loan Expert. What is an FHA loan? An FHA […]

The Mortgage Minute - FHA Streamline Refinances

The Mortgage Minute- FHA Streamline Refinances

Posted Leave a commentPosted in Buyer Tips and Advice, FHA Loans, Loan Progams, Mortgage Knowledge

The Mortgage Minute- FHA Streamline Refinances Welcome to this week’s The Mortgage Minute. This week’s topic is FHA Streamline Refinances The Mortgage Minute is weekly informational series presented by Laura Borja, Your San Diego home loan expert. An FHA streamline refinance allows you to refinance your current FHA loan without the need to income qualify, and […]

FHA Mortgage Insurance

Posted Leave a commentPosted in FHA Loans, Loan Progams, Mortgage Knowledge

2015 FHA Mortgage Insurance The one thing you can count on when it comes to the mortgage industry is change.  Change in mortgage interest rates, change in loan guidelines, change in loan programs, etc.  Changes in FHA Mortgage Insurance are no exception. Today marks a milestone for FHA Mortgage insurance premiums.  Effective with case numbers […]

How will Qualified Mortgage (QM) rules affect FHA or VA Loans?

Posted Leave a commentPosted in Buyer Tips and Advice, FHA Loans, Loan Progams, Mortgage Knowledge, USDA loans, VA Loans

How will Qualified Mortgage (QM) rules affect FHA or VA Loans?… by Laura Borja, San Diego Home Loans   As many of you know, the anticipated and somewhat dreaded Qualified Mortgage Rules have now arrived . FHA and VA loans will not be affected by the new QM rules which dictate not just the maximum debt […]